Stock Market & Financial Investment News

NetEase.com gaps up after earnings beat, levels to watchThe shares are up over 7.2% at time of writing after the company turned in earnings last night that beat consensus by 19 cents per share. At the current price of $49.03, next resistance is at $49.71. Support is at $48.10, a prior pivot high. There is also a bullish, inverted, head and shoulders active on the daily chart, with upside to the $53 area possible if the pattern completes. A move below the 10-day average would void the pattern, which was last at $46.88.